Cyrus Mistry didn’t appoint majority of independent directors in Tata group firms
Those appointed during Cyrus Mistry's tenure comprise little over one-third of all independent directors in the Tata group's companies
On 24 October, Cyrus Mistry was sacked as the chairman of Tata Sons Ltd, and Ratan Tata took over as the group’s interim chairman for a period of four months. Fast forward to five weeks later, and boardroom battles are far from over in the Tata group, with ongoing efforts to oust Mistry from the boards of various Tata group firms. Amidst all this, the role of independent directors on the boards of these firms is being observed with a lot of interest. An independent director is an individual who does not have a relationship with the company or its officials.